I haven't followed aapl and only looked at it because of the thread. Three indicators go bear and I would dump a position in any holding. It is not a guarantee but helps with probabilities for success.

Why would I use TA? Everyone uses it. I will never make money using TA for I'm not smarter than the professionals. Don't get me wrong, I read charts, for they tell a story. This story helps me understand what might happen in the future. However things like: bollinger bands, RSI, MACD, stochastics, or moving averages don't really tell me much of anything, and to be honest, muddles my thinking more than anything.

Why would I use TA? Everyone uses it. I will never make money using TA for I'm not smarter than the professionals. Don't get me wrong, I read charts, for they tell a story. This story is help understand what might happen in the future. However things like: bollinger bands, RSI, MACD, stochastics, or moving averages don't really tell me much of anything, and to be honest, muddles my thinking more than anything.

Why would I use TA? Everyone uses it. I will never make money using TA for I'm not smarter than the professionals. Don't get me wrong, I read charts, for they tell a story. This story helps me understand what might happen in the future. However things like: bollinger bands, RSI, MACD, stochastics, or moving averages don't really tell me much of anything, and to be honest, muddles my thinking more than anything.

You can separate technical indicators into two camps - voodoo and something that tells a story.

Fib levels and Elliott waves (and maybe DeMark if I could every understand them) are voodoo. They could only potentially work if (1) you believe in magic or (2) enough other people believe in them.

MACDs, RSIs are a way of neatly looking at one particular storyline (to awkwardly use your analogy) in charts. Something like Bollinger bands are based on a statistical observation about how things tend to move.

I have zero involvement with equities except when I can't help it but I understand that TA can be considerably less compelling when you can have a reasonable claim to know what something is worth.

With things that carry only a vague conception of fair value (currencies, for instance) and can exhibit considerable deviation from that, price action is news. And some technical indicators provide an intelligent shorthand for talking about price action.